This article summarizes selected income tax developments during the past year affecting corporations, including those that file consolidated returns.
January 2008 - The Tax Adviser
TAX ACCOUNTING
FIN 48 Compliance: Disclosing Tax Positions in an Age of Uncertainty
FIN 48 presents new challenges for taxpayers, auditors, and tax advisers. The disclosures required by the interaction of FAS 109 and FIN 48 will result in greater public disclosure of tax planning techniques, including the strengths and weaknesses of those techniques.